Avidian Wealth Enterprises LLC Cuts Stock Position in iShares Russell 1000 ETF $IWB

Avidian Wealth Enterprises LLC lowered its stake in iShares Russell 1000 ETF (NYSEARCA:IWB) by 10.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 23,430 shares of the company’s stock after selling 2,728 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in iShares Russell 1000 ETF were worth $7,956,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in iShares Russell 1000 ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 182,541 shares of the company’s stock valued at $58,807,000 after acquiring an additional 6,006 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in iShares Russell 1000 ETF by 56.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,509 shares of the company’s stock valued at $486,000 after acquiring an additional 542 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in iShares Russell 1000 ETF in the 1st quarter valued at approximately $260,000. PFG Investments LLC lifted its position in iShares Russell 1000 ETF by 2.1% in the 1st quarter. PFG Investments LLC now owns 1,761 shares of the company’s stock valued at $540,000 after acquiring an additional 36 shares in the last quarter. Finally, 5T Wealth LLC lifted its position in iShares Russell 1000 ETF by 30.5% in the 1st quarter. 5T Wealth LLC now owns 959 shares of the company’s stock valued at $294,000 after acquiring an additional 224 shares in the last quarter.

iShares Russell 1000 ETF Trading Up 1.0%

IWB stock opened at $368.39 on Tuesday. The stock has a market capitalization of $44.08 billion, a PE ratio of 24.71 and a beta of 1.01. iShares Russell 1000 ETF has a 12-month low of $264.17 and a 12-month high of $369.87. The stock’s 50 day simple moving average is $360.08 and its 200 day simple moving average is $336.63.

iShares Russell 1000 ETF Profile

iShares Russell 1000 ETF (the Fund), formerly iShares Russell 1000 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 1000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the large-capitalization sector of the United States equity market and includes securities issued by the approximately 1,000 largest issuers in the Russell 3000 Index.